← New search
Boone County, IN · Sold

IN-762779

375 County Road 116

$63,900
$17,086/ac · 3.74 ac
Acreage3.74 ac
Price per acre$17,086/ac
ZoningAgricultural
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedFeb 22, 2024
Coordinates40.0482, -86.4899
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Boone County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Boone market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
16
Low risk
Wetlands6.1% of tract

Little to no mapped wetland coverage.

Average slope15.8%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

233 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area2.81 of 3.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$61,385
$46,998$75,771 · $16,413/ac on 3.74 ac
Asking vs estimate
+4.1%
In line with the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $63,900
Maximum allowable offer
$35,077
$9,379/ac · +30.0% target margin

You need $28,823 off asking to hit this margin.

All-in cost$38,059
Net resale$56,474
Projected profit$18,415
ROI+48.4%
Annualized+69.2%
Break-even resale$11,061/ac
Profit if resale lands off target
-20%
$7,121
-10%
$12,768
0%
$18,415
+10%
$24,063
+20%
$29,710
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-982501
Gravel · Off grid
3.1Apr 23, 2026$25,1008,20211,8495.0 mi
83
IN-403016
Gravel · Power at road
4.4Jul 4, 2024$74,90016,87922,5713.1 mi
74
IN-111686
Dirt · Off grid
1.7Jul 20, 2026$16,4009,61815,7836.5 mi
73
IN-171538
Dirt · Power at road
1.5Feb 3, 2026$19,20012,64317,9394.1 mi
73
IN-312711
Landlocked · Power at road
3.6Oct 25, 2024$19,3005,40910,4236.8 mi
73
IN-734213
Dirt · Power at road
10.6Jul 11, 2026$106,90010,10615,2705.8 mi
70
IN-711615
Landlocked · Full utilities
1.6Jun 21, 2024$18,50011,49218,0472.7 mi
68
IN-483531
Dirt · Full utilities
6.5Feb 24, 2024$64,4009,99013,1452.6 mi
67
IN-714183
Gravel · Power at road
10.3May 10, 2025$166,10016,04421,8304.3 mi
65
IN-731212
Gravel · Power at road
1.2Jul 6, 2025$17,70014,77518,4006.2 mi
63
Show adjustment detail for the top comp
  • Tract size (3.06 ac → 3.74 ac)-0.6%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (4 mo)+1.3%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.